Mouteki Demark indicator

Mouteki Demark indicator draws sell and buy signals on candles highs and lows. Together with an automatic trend line and take profit drawing features, Mouteki Demark indicator is an "all-rounder". The indicator works best on an hourly time-frame. Furthermore, signal analysis could be made on a higher time-frame and traded on one or two time-frames lower chart. Mouteki Demark indicator on EURUSD hourly time-frame

Customization

showBars=200; Number of used candles, showBars= 0 will use candlesticks from the beginning. LevDP=2; The central bar will be higher or lower than the number of bars on the left and right side. In short, controls the sensitivity and frequency of provided signals.

qSteps=1; Number of additional trend lines and take profit levels, the limit is 3. BackStep=0; Number of steps back from the current candlestick. startBar=0; Imput of 0 will have recommendation for the current bar, 1 - for possible next bar. TrendLine=true; To automatically draw trend lines. HorizontLine=true; Shows break levels. ChannelLine=false; Forms channels in parallel to the trend lines TakeLines=true; Draws take profit levels. Comments=true; Show te comments on the upper left side. Trend=0; Show signals for 1 = Up Trend, -1 = Down Trend, 0 = Both.

Installation

How to install your indicator on MT4 platform: 1. Click on Download button above; 2. Save the the file to your computer; 3. Move the .mt4 file into the following folder : meta traderexpertsindicators; 4. Restart your Metatrader platform; 5. Click “Indicators” button in Metatrader toolbar; 6. Select “Custom”; 7. Search and select “Mouteki Demark”; 8. Adjust settings or press OK to add the indicator to your selected chart; Note: Mouteki Demark indicator was sent by an AtoZForex follower from Russia, Dmitri. AtoZForex does not carry any copyrights over this trading tool.   Do you have a reliable indicator or EA? Would you like to share it with our users?